Minnesota Law Opens Crypto Custody To Banks, Credit Unions

Bitcoin Magazine Editorial

(05:02 PM UTC)

1 min read

Minnesota has become the latest state to grant banks and credit unions the legal authority to offer cryptocurrency custody services, a move that proponents say ends years of regulatory ambiguity that kept institutions on the sidelines of a market now worth trillions.

Governor Tim Walz signed HF 3709 into law. The legislation takes effect August 1, 2026. The law permits state-chartered banks…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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